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Insurance Glossary

Public Adjuster

Claims

Definition

A licensed professional hired by the policyholder (not the insurance company) to assess damage and negotiate the insurance claim on behalf of the insured. Public adjusters typically charge a percentage of the final settlement amount.

Definición en Español

ES

Ajustador Público

Un profesional licenciado contratado por el asegurado (no por la compañía de seguros) para evaluar daños y negociar el reclamo de seguro en nombre del asegurado. Los ajustadores públicos típicamente cobran un porcentaje del monto final de la liquidación.

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Related Terms

Adjuster
A person who investigates claims and recommends settlement options based on estimates of damage and insurance policies held.
Claim Settlement
The final resolution of an insurance claim, including the payment amount and terms agreed upon between the insurer and insured. Settlement can be reached through negotiation, appraisal, arbitration, or litigation.
Loss Assessment
An evaluation of the extent and value of damage or loss for insurance claim purposes. This assessment determines the amount the insurance company will pay based on policy terms and the actual damage sustained.
Claim
A formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event.
Arbitration
An alternative to going to court where a neutral third-party is used to settle a dispute between an insurer and a policyholder, typically regarding claim settlements or coverage interpretations.
Claimant
The person or business that makes a claim to the insured person or their insurance company, seeking compensation for damages or losses.
Subrogation
The legal right of an insurance company to pursue a third party that caused an insurance loss to the insured, allowing the insurer to recover the amount of the claim paid to the insured. This right is transferred from the insured to the insurer upon payment of the claim.
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